Case-Schiller: Home Prices Climb and More

2/26/2013 10:40AM

What's News: Home prices close out 2012 with the biggest yearly gain since 2006, Home Depot sees quarterly profits jump 32 percent, J.P. Morgan plans to cut 4,000 jobs and Pope Benedict XVI will have a new title in retirement. Photo: AP

This transcript has been automatically generated and may not be 100% accurate.

... U S home prices in their best gain in seven years this is what finance on WS J lifetime Thailand ... the closely watched Essen P J Shiller index reporting a gain of two tenths of a percent in December ... home prices in twenty cities jumping six point eight percent year over year closing up twenty twelve ... with the biggest yearly gain since two thousandsix ... and as housing goes so goes home Depot ... the company reporting a thirty two percent jump in quarterly profits ... this is the result of recent improvements in the housing market in sales related to Hurricane Sandy repairs ... the home improvement products retailer is also raising its quarterly dividend ... and will buybacks seventeen billion dollars in stock ... and a J P Morgan's investor day the company announcing plans to cut about four thousand jobs as it looks to cut another one billion dollars out of its expenses this year ... and that's not all ... the nation's biggest bank also plans to slash up to fifteen thousand jobs in its mortgage unit ... to save an additional ... three billion dollars ... and just in case you're wondering emphatically said that Pope Benedict the sixteenth will be known as ... America's hope ... and continue to wear white in his retirement minus his trademark red states ... he will also be addressed as your holiness ... Pope Benedict officially resigned on Thursday ... but keep the president ... on the latest news throughout the day and what seems on WS J live ...